- The ISM services PMI dropped to 50.8 in March.
- The US dollar remains under a strong sale pressure in minimums of several months.
Economic activity in the United States services (USA) lost impulse in March, with the ISM Services PMI by retreating 50.8 from 53.5 in February, failing in the estimates of analysts of 53.0.
More details of the survey revealed that the paid price index – a key indicator of inflation – was reduced to 60.9 from 62.6, while the employment rate backed 46.2 from 53.9, underlining a decrease in labor market conditions within the service industry.
Market reaction
The US dollar navigates under a decreased pressure after the publication, with the US dollar index (DXY) by retreating at levels not seen since the beginning of October 2024.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
